MAC Macerich Company (The) Common Stock

NYSE · Real Estate · View on SEC EDGAR ↗
$24.71
Price · Aug 18, 2026
Fundamentals as of Aug 5, 2026
52W Range
$16–$27
82% of range
Analyst Rating
BUY
20 analysts
Price Target
$27
+8% upside
P/E (TTM)
-32.1
ROE
-7.6%
Net Profit Margin
-19.4%

MAC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$24.71
Market Cap
$6.44B
P/E (TTM)
-32.1
EPS (TTM)
$-0.78
Revenue (TTM)
$1.01B
Div Yield
2.9%
ROE
-7.6%
Debt/Equity
—
52W Range
$16 – $27

MAC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $1.01B
10-point trend, -2.6%
2016-12-31 → 2025-12-31
EPS $-0.78
10-point trend, -122.2%
2016-12-31 → 2025-12-31
Free Cash Flow —
Margins -19.4%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
MAC
Peer Median
P/E (TTM)
5-point trend, -109.6%
-32.1
26.9
P/S (TTM)
5-point trend, +6.8%
6.4
8.7
P/B
5-point trend, +59.0%
2.6
1.9

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
MAC
Peer Median
Net Profit Margin
5-point trend, -1257.1%
-19.4%
30.4%
ROA
5-point trend, -1556.2%
-2.3%
3.6%
ROE
5-point trend, -1501.9%
-7.6%
7.1%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
MAC
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
MAC
Peer Median
Revenue YoY
5-point trend, +19.7%
10.4%
—
Revenue CAGR 3Y
5-point trend, +19.7%
5.7%
—
Revenue CAGR 5Y
5-point trend, +19.7%
5.2%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
MAC
Peer Median
EPS (Diluted)
5-point trend, -1214.3%
$-0.78
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
MAC
Peer Median
Payout Ratio
5-point trend, -109.5%
-95.5%
—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
2.9%
Payout Ratio
-95.5%
5Y Div CAGR
—
Ex-dateAmount
June 15, 2026$0.1700
March 16, 2026$0.1700
Dec. 15, 2025$0.1700
Sept. 9, 2025$0.1700
June 3, 2025$0.1700
March 4, 2025$0.1700
Nov. 12, 2024$0.1700
Aug. 19, 2024$0.1700
May 17, 2024$0.1700
Feb. 15, 2024$0.1700
Nov. 8, 2023$0.1700
Aug. 17, 2023$0.1700
May 18, 2023$0.1700
Feb. 16, 2023$0.1700
Nov. 8, 2022$0.1700
Aug. 18, 2022$0.1500
May 19, 2022$0.1500
Feb. 17, 2022$0.1500
Nov. 8, 2021$0.1500
Aug. 18, 2021$0.1500

MAC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 20 analysts
  • Strong Buy 5 25.0%
  • Buy 7 35.0%
  • Hold 6 30.0%
  • Sell 2 10.0%
  • Strong Sell 0 0.0%

12-Month Price Target

16 analysts · 2026-08-14
Median target $27.00 +9.3%
Mean target $26.62 +7.7%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.10%
Period EPS Actual EPS Est Surprise
June 30, 2026 $-0.10 $-0.06 -0.04%
March 31, 2026 $-0.14 $-0.11 -0.03%
Dec. 31, 2025 $-0.07 $0.02 -0.09%
Sept. 30, 2025 $-0.34 $-0.08 -0.26%
June 30, 2025 $-0.16 $-0.08 -0.08%
March 31, 2025 $-0.20 $-0.08 -0.12%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
MAC $4.74B -23.7 10.4% -19.4% -7.6% —
REG $12.63B 47.3 6.9% 34.0% 7.7% —
FRT $8.70B 21.5 6.4% 32.1% 12.8% —
ADC $8.65B 40.7 16.4% 28.4% 3.5% —
BRX $8.03B 21.0 6.7% 28.2% 12.9% —
NNN $7.53B 19.1 6.6% 42.1% 8.9% —
PECO $4.47B 40.0 9.9% 15.3% 4.8% —
KRG $5.01B 17.5 0.82% 35.4% 9.3% —
SKT — 35.9 — — — —
CURB $2.45B 62.7 51.3% 21.8% 2.1% —
AKR $2.69B 205.4 14.2% 4.1% 0.79% —

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 11
Annual Income Statement data for MAC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, -8.3% $1.01B $918M $884M $859M $847M $786M $927M $960M $994M $1.04B $1.29B $1.11B
SG&A Expense 12-point trend, +7.2% $32M $28M $29M $27M $30M $30M $23M $24M $28M $28M $30M $29M
Operating Expenses 12-point trend, +7.6% $1.13B $959M $871M $926M $916M $773M $860M $935M $931M $945M $1.20B $1.05B
Interest Expense 9-point trend, +13.7% · · · $217M $193M $76M $138M $183M $172M $164M $212M $191M
Income Tax 12-point trend, +48.6% $-2M $-1M $-494.0K $705.0K $7M $-447.0K $2M $-4M $16M $722.0K $-3M $-4M
Net Income 12-point trend, -112.3% $-197M $-194M $-274M $-66M $14M $-230M $97M $69M $162M $555M $523M $1.61B
EPS (Basic) 12-point trend, -107.5% $-0.78 $-0.88 $-1.28 $-0.31 $0.07 $-1.58 $0.68 $0.42 $1.02 $3.52 $3.08 $10.46
EPS (Diluted) 12-point trend, -107.5% $-0.78 $-0.88 $-1.28 $-0.31 $0.07 $-1.58 $0.68 $0.42 $1.02 $3.52 $3.08 $10.45
Shares (Basic) 12-point trend, +77.6% 254,216,000 221,845,000 215,548,000 215,031,000 198,070,000 146,232,000 141,340,000 141,142,000 141,877,000 146,599,000 157,916,000 143,144,000
Shares (Diluted) 12-point trend, +77.4% 254,216,000 221,845,000 215,548,000 215,031,000 198,070,000 146,232,000 141,340,000 141,144,000 141,913,000 146,711,000 158,060,000 143,291,000
EBITDA 10-point trend, -21.9% $368M $306M $296M $302M $324M $326M $338M $335M · $355M $471M ·
Balance Sheet 11
Annual Balance Sheet data for MAC
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +230.1% $280M $90M $95M $100M $112M $465M $100M $103M $91M $94M $87M $85M
Intangibles 8-point trend, -86.7% · · · · $36M $48M $32M $46M $60M $84M $140M $268M
Total Assets 12-point trend, -36.2% $8.37B $8.57B $7.51B $8.09B $8.35B $9.18B $8.85B $9.03B $9.61B $9.96B $11.24B $13.12B
Total Liabilities 12-point trend, -17.5% $5.84B $5.72B $4.99B $5.14B $5.17B $6.74B $6.02B $5.84B $5.64B $5.53B $6.16B $7.08B
Long-term Debt 6-point trend, +11.1% $5.07B $4.89B $4.14B $4.24B $4.42B $4.56B · · · · · ·
Common Stock 12-point trend, +62.4% $3M $3M $2M $2M $2M $1M $1M $1M $1M $1M $2M $2M
Retained Earnings 12-point trend, -733.1% $-3.78B $-3.41B $-3.06B $-2.64B $-2.44B $-2.34B $-1.94B $-1.61B $-830M $-489M $-213M $597M
AOCI 10-point trend, -9000.00 $-9.0K $-34.0K $-952.0K $632.0K $-24.0K $-8M $-9M $-4M $-42.0K $0 · ·
Stockholders' Equity 12-point trend, -56.6% $2.45B $2.76B $2.45B $2.87B $3.05B $2.26B $2.63B $2.95B $3.68B $4.11B $4.72B $5.64B
Liabilities + Equity 12-point trend, -36.2% $8.37B $8.57B $7.51B $8.09B $8.35B $9.18B $8.85B $9.03B $9.61B $9.96B $11.24B $13.12B
Shares Outstanding 12-point trend, +62.4% 256,990,913 252,925,496 215,976,614 215,241,129 214,797,057 149,770,575 141,407,650 141,221,712 140,993,985 143,958,036 154,404,986 158,201,996
Cash Flow 14
Annual Cash Flow data for MAC
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, -5.1% $368M $306M $296M $302M $324M $326M $338M $335M $341M $355M $471M $388M
Stock-based Comp 12-point trend, -38.3% $18M $12M $13M $18M $14M $14M $12M $27M $31M $33M $28M $29M
Deferred Tax 12-point trend, +48.6% $-2M $-1M $-494.0K $705.0K $7M $-8.0K $1M $-3M $16M $546.0K $-3M $-4M
Amort. of Intangibles 2-point trend, +31.9% · · · · · · · · · · $69M $53M
Other Non-cash 10-point trend, +128.1% $135M $161M $261M $83M $-74M $30M $-99M $-84M · $-527M $-479M ·
Operating Cash Flow 12-point trend, -19.7% $322M $283M $296M $338M $286M $125M $355M $344M $386M $430M $555M $401M
Investing Cash Flow 12-point trend, -27.2% $-325M $20M $53M $-1M $235M $-203M $-112M $176M $179M $454M $-101M $-256M
Net Debt Issued 7-point trend, +83.6% $-257M $-2.02B $-863M $-334M $-2.02B $-34M $-1.57B · · · · ·
Stock Issued 7-point trend, +657025000.00 · $657M · $-183.0K $830M $0 $0 · · · $0 $0
Stock Repurchased 6-point trend, +0.00 · · · · · · $0 $0 $221M $800M $400M $0
Net Stock Activity 7-point trend, +264.2% · $657M · $-183.0K $830M · $0 $0 · $-800M $-400M ·
Dividends Paid 12-point trend, -51.2% $188M $161M $159M $186M $143M $180M $475M $454M $444M $779M $787M $386M
Financing Cash Flow 12-point trend, +253.6% $199M $-316M $-339M $-322M $-837M $446M $-278M $-514M $-566M $-868M $-452M $-130M
Net Change in Cash 12-point trend, +1186.8% $195M $-13M $9M $14M $-316M $368M $-35M $6M $-3M $8M $2M $15M
Profitability 4
Annual Profitability data for MAC
Metric Trend 202520242023202220212020201920182017201620152014
Net Margin 10-point trend, -147.9% -19.4% -21.1% -31.0% -7.7% 1.7% -31.2% 11.1% 7.2% · 53.3% 40.6% ·
EBITDA Margin 10-point trend, -0.8% 36.3% 33.3% 33.5% 35.2% 38.3% 41.5% 36.4% 34.8% · 34.1% 36.6% ·
ROA 10-point trend, -154.3% -2.3% -2.4% -3.5% -0.80% 0.16% -2.7% 1.1% 0.74% · 5.2% 4.3% ·
ROE 10-point trend, -175.0% -7.6% -7.5% -10.3% -2.2% 0.54% -10.0% 3.7% 2.1% · 12.6% 10.1% ·
Efficiency 1
Annual Efficiency data for MAC
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 10-point trend, +13.2% 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 · 0.1 0.1 ·
Per Share 7
Annual Per Share data for MAC
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 10-point trend, -68.8% $9.53 $10.90 $11.33 $13.31 $14.18 $15.07 $18.61 $20.89 · $28.52 $30.54 ·
Revenue / Share 10-point trend, -51.1% $3.99 $4.14 $4.10 $4.00 $4.28 $5.38 $6.56 $6.80 · $7.10 $8.15 ·
Cash Flow / Share 10-point trend, -63.0% $1.27 $1.28 $1.37 $1.57 $1.45 $0.85 $2.51 $2.44 · $2.85 $3.42 ·
Cash / Share 10-point trend, +94.6% $1.09 $0.36 $0.44 $0.47 $0.52 $3.11 $0.71 $0.73 · $0.65 $0.56 ·
Dividend / Share 5-point trend, -54.8% · · · · · · $3 $3 $3 $3 $7 ·
Dividend Paid / Share 10-point trend, -72.9% $1 $1 $1 $1 $1 $2 $3 $3 · · $5 $3
EPS (TTM) 12-point trend, -107.5% $-0.78 $-0.88 $-1.28 $-0.31 $0.07 $-1.58 $0.68 $0.42 $1.02 $3.52 $3.08 $10.45
Growth Rates 4
Annual Growth Rates data for MAC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, +33.5% 10.4% 3.9% 2.9% 1.4% 7.8% · · · · · · ·
Revenue CAGR 3Y 3-point trend, +42.0% 5.7% 2.7% 4.0% · · · · · · · · ·
Revenue CAGR 5Y 5.2% · · · · · · · · · · ·
Dividend CAGR 5Y 0.91% · · · · · · · · · · ·
Valuation (TTM) 12
Annual Valuation (TTM) data for MAC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, -8.3% $1.01B $918M $884M $859M $847M $786M $927M $960M $994M $1.04B $1.29B $1.11B
Net Income TTM 12-point trend, -112.3% $-197M $-194M $-274M $-66M $14M $-230M $97M $69M $162M $555M $523M $1.61B
Market Cap 10-point trend, -61.9% $4.74B $5.04B $3.33B $2.42B $3.71B $1.60B $3.81B $6.11B · $10.20B $12.46B ·
P/E 12-point trend, -396.5% -23.7 -22.6 -12.1 -36.3 246.9 -6.8 39.6 103.0 64.4 20.1 26.2 8.0
P/S 10-point trend, -51.6% 4.7 5.5 3.8 2.8 4.4 2.0 4.1 6.4 · 9.8 9.7 ·
P/B 10-point trend, -26.7% 1.9 1.8 1.4 0.8 1.2 0.7 1.4 2.1 · 2.5 2.6 ·
P / Tangible Book 6-point trend, +167.8% 1.9 1.8 1.4 0.8 1.2 0.7 · · · · · ·
P / Cash Flow 10-point trend, -36.0% 14.8 17.8 11.3 7.2 13.0 12.8 10.7 17.8 · 24.4 23.1 ·
Dividend Yield 10-point trend, -37.2% 4.0% 3.2% 4.8% 7.7% 3.9% 11.3% 12.5% 7.4% · 7.6% 6.3% ·
Earnings Yield 12-point trend, -133.8% -4.2% -4.4% -8.3% -2.8% 0.41% -14.8% 2.5% 0.97% 1.6% 5.0% 3.8% 12.5%
Payout Ratio 10-point trend, -163.4% -95.5% -83.1% -58.1% -282.0% 1005.7% -73.3% 462.7% 657.7% · 140.5% 150.5% ·
Annual Payout 12-point trend, -51.2% $188M $161M $159M $186M $143M $180M $475M $454M $444M $779M $787M $386M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $1.01B$918M$884M$859M$847M
Net Income $-197M$-194M$-274M$-66M$14M
Diluted EPS $-0.78$-0.88$-1.28$-0.31$0.07

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Institutional owners (13F) 373 filers · $4.9B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
69 (+25 vs prior Q) 21 (-8 vs prior Q) 140 (+10 vs prior Q) 80 (+2 vs prior Q) +70.2M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD PORTFOLIO MANAGEMENT LLC $688,057,091 27,314,692 14.03% Shares
FMR LLC $626,767,730 24,881,609 12.78% Shares
STATE STREET CORP $411,671,328 16,342,649 8.39% Shares
VANGUARD CAPITAL MANAGEMENT LLC $319,460,059 12,682,019 6.51% Shares
Smead Capital Management, Inc. $289,224,315 11,481,712 5.90% Shares
CENTERSQUARE INVESTMENT MANAGEMENT LLC $215,108,645 8,539,446 4.39% Shares
GEODE CAPITAL MANAGEMENT, LLC $191,124,659 7,585,953 3.90% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $145,677,397 5,783,144 2.97% Shares
Resolution Capital Ltd $137,028,209 5,439,786 2.79% Shares
BAMCO INC /NY/ $125,943,854 4,999,756 2.57% Shares
DIMENSIONAL FUND ADVISORS LP $99,405,182 3,946,216 2.03% Shares
CANADA PENSION PLAN INVESTMENT BOARD $81,945,513 3,253,097 1.67% Shares
GOLDMAN SACHS GROUP INC $69,296,002 2,750,933 1.41% Shares
NORGES BANK $66,534,171 2,641,293 1.36% Shares
Fisher Asset Management, LLC $66,018,176 2,620,809 1.35% Shares
CITADEL ADVISORS LLC $61,304,752 2,433,694 1.25% Shares
WELLINGTON MANAGEMENT GROUP LLP $53,341,261 2,117,557 1.09% Shares
RUSH ISLAND MANAGEMENT, LP $52,113,072 2,068,800 1.06% Shares
SOROS FUND MANAGEMENT LLC $48,830,966 1,938,506 1.00% Shares
VANGUARD FIDUCIARY TRUST CO $47,461,713 1,884,149 0.97% Shares
LETKO, BROSSEAU & ASSOCIATES INC $46,379,072 1,841,170 0.95% Shares
Burkehill Global Management, LP $44,082,500 1,750,000 0.90% Shares
MILLENNIUM MANAGEMENT LLC $43,106,236 1,711,244 0.88% Shares
Bank of New York Mellon Corp $35,229,399 1,398,547 0.72% Shares
VANGUARD GROUP INC $30,085,074 1,629,744 0.61% Shares
SCHRODER INVESTMENT MANAGEMENT GROUP $29,965,144 1,164,147 0.61% Shares
MORGAN STANLEY $28,475,544 1,130,430 0.58% Shares
Heitman Real Estate Securities LLC $25,203,174 1,000,523 0.51% Shares
Public Sector Pension Investment Board $24,531,382 973,854 0.50% Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. $22,847,000 907,004 0.47% Shares
CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC $22,155,562 879,538 0.45% Shares
BANK OF AMERICA CORP /DE/ $21,386,461 849,006 0.44% Shares
Woodline Partners LP $20,543,251 815,532 0.42% Shares
AMERIPRISE FINANCIAL INC $20,426,394 810,893 0.42% Shares
HSBC HOLDINGS PLC $20,315,282 806,482 0.41% Shares
AMERICAN CENTURY COMPANIES INC $19,671,677 780,932 0.40% Shares
RENAISSANCE TECHNOLOGIES LLC $19,207,048 762,487 0.39% Shares
RHUMBLINE ADVISERS $19,149,764 760,214 0.39% Shares
Nuveen, LLC $17,855,806 708,845 0.36% Shares
1832 Asset Management L.P. $17,794,216 706,400 0.36% Shares
Ghisallo Capital Management LLC $16,967,732 673,590 0.35% Shares
NEUBERGER BERMAN GROUP LLC $16,315,487 647,697 0.33% Shares
Apollo Management Holdings, L.P. $15,356,832 609,640 0.31% Shares
Qube Research & Technologies Ltd $13,557,283 538,201 0.28% Shares
BlackRock, Inc. $13,472,191 534,823 0.27% Shares
PRUDENTIAL FINANCIAL INC $13,289,136 527,556 0.27% Shares
Swiss National Bank $12,975,747 515,115 0.26% Shares
Adelante Capital Management LLC $12,574,621 499,198 0.26% Shares
Jain Global LLC $12,483,308 495,566 0.25% Shares
LPL Financial LLC $12,333,718 489,628 0.25% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $11,890,033 472,014 0.24% Shares
NOMURA ASSET MANAGEMENT CO LTD $11,561,958 458,990 0.24% Shares
Legal & General Group Plc $10,946,038 434,539 0.22% Shares
JANUS HENDERSON GROUP PLC $10,895,471 575,726 0.22% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $10,773,259 427,680 0.22% Shares
Sumitomo Mitsui Trust Group, Inc. $10,372,310 411,763 0.21% Shares
VIRGINIA RETIREMENT SYSTEMS ET Al $10,370,514 561,783 0.21% Shares
ENVESTNET ASSET MANAGEMENT INC $8,872,542 352,225 0.18% Shares
STATE OF WISCONSIN INVESTMENT BOARD $8,301,591 329,559 0.17% Shares
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO $8,129,367 322,722 0.17% Shares
BNP PARIBAS FINANCIAL MARKETS $7,951,803 315,673 0.16% Shares
ALLIANCEBERNSTEIN L.P. $7,837,395 414,677 0.16% Shares
CI INVESTMENTS INC. $7,705,948 305,913 0.16% Shares
GSI Capital Advisors LLC $7,237,087 287,300 0.15% Shares
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS $6,939,290 275,478 0.14% Shares
VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. $6,937,880 275,422 0.14% Shares
Allianz Asset Management GmbH $6,887,072 273,405 0.14% Shares
Asset Management One Co., Ltd. $6,663,308 352,556 0.14% Shares
VANGUARD ASSET MANAGEMENT, Ltd $6,476,777 257,117 0.13% Shares
Vanguard Investments Australia, Ltd. $6,214,852 246,719 0.13% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $6,139,886 243,743 0.13% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $5,808,348 307,320 0.12% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $5,720,145 227,080 0.12% Shares
Amundi $5,461,444 216,810 0.11% Shares
FIL Ltd $5,305,266 210,610 0.11% Shares
DigitalBridge Group, Inc. $4,987,620 198,000 0.10% Shares
UniSuper Management Pty Ltd $4,963,589 197,046 0.10% Shares
FIRST TRUST ADVISORS LP $4,940,724 196,138 0.10% Shares
Freestone Grove Partners LP $4,482,460 177,946 0.09% Shares
Bayhunt Capital LLC $4,413,121 239,064 0.09% Shares
Quantinno Capital Management LP $4,394,061 174,436 0.09% Shares
MetLife Investment Management, LLC $4,389,080 174,239 0.09% Shares
Nuveen Asset Management, LLC $4,280,430 214,881 0.09% Shares
BNP PARIBAS ASSET MANAGEMENT Holding S.A. $4,219,552 167,509 0.09% Shares
Verition Fund Management LLC $4,018,258 159,518 0.08% Shares
Focus Partners Wealth $3,930,259 156,024 0.08% Shares
WESTWOOD HOLDINGS GROUP INC $3,792,984 150,575 0.08% Shares
Phocas Financial Corp. $3,782,329 150,152 0.08% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $3,743,234 148,600 0.08% Call option
MANUFACTURERS LIFE INSURANCE COMPANY, THE $3,519,345 139,712 0.07% Shares
Vert Asset Management LLC $3,432,440 136,262 0.07% Shares
STOREBRAND ASSET MANAGEMENT AS $3,416,646 135,635 0.07% Shares
Illinois Municipal Retirement Fund $3,376,065 134,024 0.07% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $3,317,196 131,687 0.07% Shares
LDR Capital Management LLC $3,280,972 130,249 0.07% Shares
Murphy Pohlad Asset Management LLC $3,263,616 129,560 0.07% Shares
NEW YORK STATE COMMON RETIREMENT FUND $3,253,414 129,155 0.07% Shares
NORDEA INVESTMENT MANAGEMENT AB $3,242,353 127,201 0.07% Shares
Resona Asset Management Co.,Ltd. $3,202,944 124,636 0.07% Shares
American Assets Capital Advisers $3,172,023 174,287 0.06% Shares

Company insiders 41 insiders · 18 officers · 22 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Jackson Hsieh President and CEO March 4, 2025 P 226,500 0 0 $0
Arthur M Coppola Chief Executive Officer Dec. 11, 2018 S 0 0 0 $0
Daniel E Swanstrom II SEVP, Chief Financial Officer Feb. 16, 2026 A — 0 0 $0
Scott W Kingsmore Chief Financial Officer May 9, 2024 P 42,310 0 0 $0
Robert D Perlmutter Senior EVP and COO March 2, 2018 A 29,139 0 0 $0
Anthony Grossi SEVP, COO & Chief Economist March 19, 2010 S 97,134 0 0 $0
David J Contis EVP & Chief Operating Officer Oct. 27, 2006 G 429 0 0 $0
Christopher J Zecchini Chief Accounting Officer Feb. 16, 2026 A 13,087 0 0 $0
Doug J Healey Senior EVP, Head of Leasing Feb. 16, 2026 A 78,427 0 0 $0
Ann C Menard Chief Legal Officer/Secretary Feb. 16, 2026 A 20,633 0 0 $0
Kenneth Volk EVP, Business Development May 10, 2024 P 51,924 0 0 $0
Thomas Jay Leanse Senior EVP, CLO & Secretary March 3, 2017 A 0 0 0 $0
Randy L Brant EVP, Real Estate Sept. 23, 2016 S 26,928 0 0 $0
Eric V Salo EVP & Chief Strategy Officer March 4, 2016 A 20,222 0 0 $0
Richard A Bayer Senior EVP, CLO & Secretary May 2, 2012 G 20,799 0 0 $0
Tracey P Gotsis EVP, Marketing & Development March 25, 2011 S 43,307 0 0 $0
John M Genovese EVP, Development March 17, 2010 S 80,219 0 0 $0
Lawrence E Sidwell EVP, Real Estate March 6, 2009 A 57,817 0 0 $0
Andrea M Stephen Director June 30, 2026 A 104,921 0 0 $0
Enrique Hernandez JR Director June 30, 2026 A 71,444 0 0 $0
Marianne Lowenthal Director June 1, 2026 A 43,596 0 0 $0
Steve Hash Director June 1, 2026 A 156,153 0 0 $0
Daniel J. Hirsch Director June 1, 2026 A 91,898 0 0 $0
Devin Ignatius Murphy Director June 1, 2026 A 24,621 0 0 $0
Diana Laing Director June 1, 2026 A 163,291 0 0 $0
Eric Brandt Director May 30, 2024 A 62,978 0 0 $0
Edward C Coppola Director April 24, 2024 A 560,667 0 0 $0
Hern Thomas E O Director April 24, 2024 A 102,900 0 0 $0
Peggy Alford Director May 31, 2023 A 54,423 0 0 $0
Steven L Soboroff Director May 31, 2023 A 47,191 0 0 $0
John H Alschuler JR Director May 27, 2022 A 57,808 0 0 $0
Mason G Ross Director March 2, 2018 A 16,424 0 0 $0
Fred S Hubbell Director March 2, 2018 A 47,804 0 0 $0
1700480 ONTARIO INC Director July 28, 2015 J 23,286,237 0 0 $0
Douglas D Abbey Director March 6, 2015 A 7,792 0 0 $0
Dr William P Sexton Director March 6, 2015 A 5,798 0 0 $0
Stanley A Moore Director March 6, 2015 A 61,745 0 0 $0
James S Cownie Director March 9, 2012 A 88,814 0 0 $0
Mace Siegel Director May 7, 2009 G 98,314 0 0 $0
Dana K Anderson — Dec. 7, 2020 S 75,116 0 0 $0
William P Voegele — Jan. 1, 2020 A 35,050 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 4 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
THE PASSIVE INVESTMENT TRUST, SHARON BERGER ×4 filings Feb. 10, 2021 — Initial filing — SEC
Ontario Teachers’ Pension Plan Board, 1700480 Ontario Inc. ×7 filings Jan. 28, 2021 — Initial filing — SEC
Undisclosed reporting person Jan. 16, 2003 — Initial filing — SEC
Undisclosed reporting person Feb. 15, 2001 — Initial filing — SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 72 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
REIT · ALPS ETF Trust 2.88% 66,935 NS May 31, 2026 N-PORT
JRE · Janus Detroit Street Trust 2.39% 4,405 NS April 30, 2026 N-PORT
PFI · Invesco Exchange-Traded Fund Trust 2.12% 51,601 Aug. 8, 2026 Daily
PSCF · Invesco Exchange-Traded Fund Trust … 1.50% 16,738 Aug. 8, 2026 Daily
CVY · Invesco Exchange-Traded Fund Trust 0.77% 39,018 Aug. 8, 2026 Daily
FPRO · FIDELITY COVINGTON TRUST 0.72% 4,912 NS April 30, 2026 N-PORT
JPRE · J.P. Morgan Exchange-Traded Fund Tr… 0.71% 150,378 NS May 31, 2026 N-PORT
BBRE · J.P. Morgan Exchange-Traded Fund Tr… 0.54% 293,921 NS May 31, 2026 N-PORT
USRT · iShares Trust 0.53% 1,049,557 SH Aug. 8, 2026 Daily
VGSR · Manager Directed Portfolios 0.51% 123,105 NS March 31, 2026 N-PORT
VTWV · VANGUARD SCOTTSDALE FUNDS 0.46% 249,447 SH Aug. 8, 2026 Daily
DFAR · Dimensional ETF Trust 0.44% 341,209 NS April 30, 2026 N-PORT
SCHH · SCHWAB STRATEGIC TRUST 0.44% 1,947,767 NS May 31, 2026 N-PORT
IWN · iShares Trust 0.43% 2,659,088 SH Aug. 8, 2026 Daily
XJR · iShares Trust 0.42% 33,567 SH Aug. 8, 2026 Daily
VIOG · VANGUARD ADMIRAL FUNDS 0.41% 175,449 SH Aug. 8, 2026 Daily
VIOO · VANGUARD ADMIRAL FUNDS 0.39% 990,997 SH Aug. 8, 2026 Daily
IJT · iShares Trust 0.39% 1,369,766 SH Aug. 8, 2026 Daily
QVMS · Invesco Exchange-Traded Fund Trust … 0.39% 40,591 Aug. 8, 2026 Daily
VIOV · VANGUARD ADMIRAL FUNDS 0.37% 288,712 SH Aug. 8, 2026 Daily
IJR · iShares Trust 0.36% 17,286,044 SH Aug. 8, 2026 Daily
FREL · FIDELITY COVINGTON TRUST 0.36% 239,330 NS April 30, 2026 N-PORT
REET · iShares Trust 0.36% 772,791 SH Aug. 8, 2026 Daily
IJS · iShares Trust 0.34% 1,212,085 SH Aug. 8, 2026 Daily
VNQ · VANGUARD SPECIALIZED FUNDS 0.34% 9,770,168 SH Aug. 8, 2026 Daily
JPSE · J.P. Morgan Exchange-Traded Fund Tr… 0.32% 85,159 NS April 30, 2026 N-PORT
ERET · iShares Trust 0.31% 1,857 SH Aug. 8, 2026 Daily
FNY · First Trust Exchange-Traded AlphaDE… 0.30% 72,558 NS April 30, 2026 N-PORT
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.29% 97,639 NS April 30, 2026 N-PORT
DFGR · Dimensional ETF Trust 0.28% 451,545 NS April 30, 2026 N-PORT
EBIT · Harbor ETF Trust 0.28% 1,450 NS April 30, 2026 N-PORT
SAA · ProShares Trust 0.27% 3,291 NS May 31, 2026 N-PORT
SMLF · iShares Trust 0.26% 478,662 SH Aug. 8, 2026 Daily
BKSE · BNY Mellon ETF Trust 0.25% 9,451 NS April 30, 2026 N-PORT
NUSC · Nushares ETF Trust 0.24% 142,654 NS April 30, 2026 N-PORT
VTWO · VANGUARD SCOTTSDALE FUNDS 0.22% 1,645,464 SH Aug. 8, 2026 Daily
IWM · iShares Trust 0.21% 7,264,477 SH Aug. 8, 2026 Daily
FNDA · SCHWAB STRATEGIC TRUST 0.17% 679,069 NS May 31, 2026 N-PORT
RSSL · Global X Funds 0.17% 111,704 NS April 30, 2026 N-PORT
ITWO · ProShares Trust 0.16% 12,974 NS May 31, 2026 N-PORT
VBR · VANGUARD INDEX FUNDS 0.15% 4,085,340 SH Aug. 8, 2026 Daily
ESML · iShares Trust 0.15% 181,906 SH Aug. 8, 2026 Daily
SCHA · SCHWAB STRATEGIC TRUST 0.13% 1,323,969 NS May 31, 2026 N-PORT
ISCG · iShares Trust 0.11% 47,556 SH Aug. 8, 2026 Daily
ISCB · iShares Trust 0.10% 12,490 SH Aug. 8, 2026 Daily
UWM · ProShares Trust 0.09% 10,199 NS May 31, 2026 N-PORT
ISCV · iShares Trust 0.09% 27,314 SH Aug. 8, 2026 Daily
FAD · First Trust Exchange-Traded AlphaDE… 0.09% 19,972 NS April 30, 2026 N-PORT
OMFS · Invesco Exchange-Traded Self-Indexe… 0.09% 10,152 Aug. 8, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.08% 3,251,405 SH Aug. 8, 2026 Daily